Pathward Financial (NASDAQ:CASH) Updates FY 2023 Earnings Guidance

Pathward Financial (NASDAQ:CASH) updated its FY 2023 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.300-6.600 for the period, compared to the consensus earnings per share estimate of 6.320. The company issued revenue guidance of -. Pathward Financial also updated its FY24 guidance to $6.30-6.60 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Pathward Financial from $60.00 to $58.00 and set a market perform rating on the stock in a report on Friday, April 5th. Piper Sandler lowered their price objective on shares of Pathward Financial from $69.00 to $68.00 and set an overweight rating on the stock in a research note on Thursday, January 25th.

Pathward Financial Stock Performance

Shares of NASDAQ:CASH traded up $0.34 during trading on Wednesday, hitting $51.09. The company’s stock had a trading volume of 130,640 shares, compared to its average volume of 179,122. The company has a 50-day moving average of $50.00 and a 200-day moving average of $50.07. Pathward Financial has a 12 month low of $39.90 and a 12 month high of $60.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.72 and a quick ratio of 0.71. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 8.39 and a beta of 0.71.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data on Wednesday, January 24th. The savings and loans company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.17). Pathward Financial had a net margin of 22.22% and a return on equity of 24.97%. The firm had revenue of $162.80 million during the quarter, compared to analyst estimates of $166.45 million. During the same period in the prior year, the company posted $0.81 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, sell-side analysts expect that Pathward Financial will post 6.32 earnings per share for the current year.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 12th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is presently 3.28%.

Insiders Place Their Bets

In other Pathward Financial news, President Anthony M. Sharett sold 1,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the sale, the president now directly owns 33,146 shares of the company’s stock, valued at approximately $1,574,435. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Pathward Financial Company Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.